Stocks to Watch – On Friday, the share market ended on a positive note. The session remained a little untouched with no such major gains of the number. The Sensex closed by 255 points higher to finally stand at 37,973 points while Nifty closed with a gain of 82 points at 11,762 points, making the investors rethink about the losses and the profits earned by them with their investments made in the different stocks.
So, here is the list of some of the stocks that one can watch out for a good outcome by the investments done in the share market.
Housing Development Finance Corporation
India’s largest private sector lender by assets, HDFC bank stated an 18.4 percent year-on-year increase in net profit to finally stand at Rs. 7,513 crores for the Sep quarter as a result of the rise in the total income and lower tax outgo.
The country’s largest bank RBI has imposed a fine of Rs. 4.50 crores in the charges of the violation of certain rules.
India’s largest carmaker company Maruti Suzuki India has announced special offers for government employees with benefits up to Rs. 11,000 over and above amid the ongoing festival consumer offers.
Reliance Industries Ltd.
RIL’s Jio is coming with a new idea and is planning to launch a 5G smartphone under Rs. 5,000 it will further decrease the price of the phone in the range of Rs. 2,500 to Rs. 3,000 per piece with the increase of the operation.
As per the Trai data available in the public domain, Jio earned 2.5 million active subscribers in the month of July, in contrast with the decline seen during the last month. At the same time, Airtel lost 0.4 million active users and Vodafone Idea lost 3.8 million active users.
Other companies in the list
ACC, Britannia Industries, L&T Technology Services, and HDFC Life Insurance Company are among some of the companies that started to report their quarterly earnings during today’s session.